CCU 0.00% 5.8¢ cobar consolidated resources limited

I understand that if needed they can undwind a $4m hedging...

  1. 247 Posts.
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    I understand that if needed they can undwind a $4m hedging contract to raise $$ - and if that is not enough they will be extended a loan from Magna...its madness for Magna to underwrite a deal and then see their investment go under. Magna is owned by the richest guy in Indonesia, would be nice if they made a statement they are behind the company and willing to help faciliate a loan/lending facility should they need it.
 
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